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Apr 22, 2013
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and another bite out of apple. key questions about the future of this company that many thought was invincible. and another, a sudden big move for the stock of google before self-correcting. that was the company involved here. what happened and how you can get hurt. first to sue. >> hi. welcome back. we missed you. great to have you back here. we start power lunch with a manpower problem at the nation's airports. politicians are not rising above and neither are many of the air travelers out there. we begin with hampton pierceon. >> here at reagan national, the number of flights being delayed has been increasing throughout the day. a snapshot looking at the schedule board shows 30 minutes to one hour delays. delays due to furloughs of controller controllers business and leez travelers we talk to today think the government ought to have come up with a better solution. r. >> i think they should have more air traffic controllers because it helps with our safety. >> i have tsa approved. i travel constantly. >> the major
and another bite out of apple. key questions about the future of this company that many thought was invincible. and another, a sudden big move for the stock of google before self-correcting. that was the company involved here. what happened and how you can get hurt. first to sue. >> hi. welcome back. we missed you. great to have you back here. we start power lunch with a manpower problem at the nation's airports. politicians are not rising above and neither are many of the air travelers...
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Apr 17, 2013
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. >> thank you very much from bonds to apple. apple no longer the biggest company in the world. that goes back to exxon. you had chip maker's serious logic. serious logic the only thing dragging apple down today? >> brian, good afternoon. i think sit a bit of a double whamy today. i think it's a combination of those two things. >> apple has lost over 40% of its market cap right? at what point does it become a value proposition? >> on the one hand normally you would by. i think you need to really see the bar reset on earnings estimates. you have got believe they can continue to innovate some of the newer competitors there. >> do you believe they can? >> well, you know, the proof's going to be in the pudding. clearly they have the opportunity to do that. it will be abundant on the software application side. >> you heard they are breaking news that they are coming out with i pudding? clearly they're not. although if they did maybe it would work. as a user of i cloud i can say that i have had a lot of problems with it. apple seems to have had a string of issues. little bits here and
. >> thank you very much from bonds to apple. apple no longer the biggest company in the world. that goes back to exxon. you had chip maker's serious logic. serious logic the only thing dragging apple down today? >> brian, good afternoon. i think sit a bit of a double whamy today. i think it's a combination of those two things. >> apple has lost over 40% of its market cap right? at what point does it become a value proposition? >> on the one hand normally you would by. i...
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Apr 18, 2013
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apples to apples comparison, melissa. the big theme park companies that are comparable are really subsidiaries of disney or in the case of, you know, universal, of course, subsidiary of comcast. so there's really not a direct comparable. the closest would be like you said six flags and cedar fair. compared to them, the valuation is a little bit rich. you do have to adjust, of course, for the debt as jean said, there is this 1.8 billion in debt. we did hear about that price about 20 minutes ago, at $27. we understand it could have sold more. but they really do want this thing to pop. blackstone has an interest, of course, in selling additional shares at a high price and the follow on offering and they do have to liquidate their shares over time. >> the bottom line is that you don't recommend it. why do you think there's such a strong investor appetite for this one given the uncertainty in the economy? is it a dearth of similar offerings like this? >> yes, what we're hearing essentially, in this case, it's actually a retail
apples to apples comparison, melissa. the big theme park companies that are comparable are really subsidiaries of disney or in the case of, you know, universal, of course, subsidiary of comcast. so there's really not a direct comparable. the closest would be like you said six flags and cedar fair. compared to them, the valuation is a little bit rich. you do have to adjust, of course, for the debt as jean said, there is this 1.8 billion in debt. we did hear about that price about 20 minutes ago,...
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Apr 19, 2013
04/13
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. >>> shares of apple posting the second largest weekly decline in 2 1/2 years, down more that 9 percent. shares are down 45% from hitting the all-time high in september, marking a loss of more than $294 billion in fact cap. >>> ibm is trading down more 8%, marking big blue's largest drop in eight years after its quarterly earnings missed expectations on both the top and bottom lines. more business headlines in the next hour, but for now, maria, back to you. >> courtney, thank you. watertown, massachusetts, is where the manhunt took place today. we're joined now by mike driscoll. mike, thank you for calling in. what can you tell us about the region right now? >> well, again, as everything, we're still in a shelter in place. they did that earlier this morning, on or about, a little before 5:00, the decision was made to, number one priority is the safety of our residents and the residents of the commonwealth. >> at this point, we know that the area is in lockdown mode. the faa, saying there is a no fly zone over watertown. we know that amtrak has been suspended indefinitely. so, do we know
. >>> shares of apple posting the second largest weekly decline in 2 1/2 years, down more that 9 percent. shares are down 45% from hitting the all-time high in september, marking a loss of more than $294 billion in fact cap. >>> ibm is trading down more 8%, marking big blue's largest drop in eight years after its quarterly earnings missed expectations on both the top and bottom lines. more business headlines in the next hour, but for now, maria, back to you. >> courtney,...
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Apr 17, 2013
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they have apple in them. that's probably why they are outperforming on the downside even more than the dow. the nasdaq now below its 50-day moving average. we're also going to be talking a lot about gold and copper to see what they are telling us when it comes to the world economy and what clues they can provide to the sell-off we're seeing today. the renewed sell-off after yesterday's rebound. here's what we're following -- golden student. it's the widowmaker of the year, but the sell-off in gold, and miners, that we'll be talking about. is it overdone? jenna godfrey will join us. bank on morgan stanley. bankers aric thatting a beating after bank of america's weak report. will morgan stanley post better results? two of our traders debate. >>> first, the top story. the sell-off returns. energy, technology, financials, industrials leading the declines. consumer staples doing poorly as well, and theoretically they should be a defensive sector. what is the way to navigate the massive moves this week? good thing
they have apple in them. that's probably why they are outperforming on the downside even more than the dow. the nasdaq now below its 50-day moving average. we're also going to be talking a lot about gold and copper to see what they are telling us when it comes to the world economy and what clues they can provide to the sell-off we're seeing today. the renewed sell-off after yesterday's rebound. here's what we're following -- golden student. it's the widowmaker of the year, but the sell-off in...
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Apr 18, 2013
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apple did fall below that $400 mark. it did knock down stocks across the globe, particularly in asia. its suppliers and tech stocks generally seen as exposed to the country's weakness after it was warned that revenue for that cup wasn't going to be that strong thanks to its one big customer, i.e., apple. >>> the ftse cnbc global 300 just a little lower on the day. we'll look at european markets for that. we are rebounding a little bit after yesterday's weak session. the xetra dax downing 0.6%. that's about a quarter of the move that we saw yesterday. indeed, eegan jones did come out and downgrade moody's in its annual statement reiterating the outlook for that country. the ftse 100, ftse mib are adding better than 0.8% for italy which is going through the process of selecting its next president. there is hope that at least this will help keep the country on track. moving to the bond's space span was just out with an auction. we saw healthy demand, low themes continue for the economy generally speaking in that it hasn't h
apple did fall below that $400 mark. it did knock down stocks across the globe, particularly in asia. its suppliers and tech stocks generally seen as exposed to the country's weakness after it was warned that revenue for that cup wasn't going to be that strong thanks to its one big customer, i.e., apple. >>> the ftse cnbc global 300 just a little lower on the day. we'll look at european markets for that. we are rebounding a little bit after yesterday's weak session. the xetra dax...
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Apr 18, 2013
04/13
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that's tough to do against someone like apple and samsung. for nokia, i think they have a small window, but they really need to execute and they're running out of time. >> got to take this window. rbc's mark sue. and we showed on that board there, apple stock, which is sitting at 390, below that 400 mark today, and probably one of the reasons why we're seeing the nasdaq underperform the other two eindices. >> you know, you wonder how much longer he might have, was the strategy was all in with microsoft. see if that works. coming up after the break, a story that's going to tick you off, that adds insult to injury in boston. everybody has different investment objectives, ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, c
that's tough to do against someone like apple and samsung. for nokia, i think they have a small window, but they really need to execute and they're running out of time. >> got to take this window. rbc's mark sue. and we showed on that board there, apple stock, which is sitting at 390, below that 400 mark today, and probably one of the reasons why we're seeing the nasdaq underperform the other two eindices. >> you know, you wonder how much longer he might have, was the strategy was...
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Apr 17, 2013
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let's start with apple making a new 52-week low, slipping at one point below 400 bucks. analysts saying one catalyst for today's sell-off, that weak revenue forecast from apple's supplier, sirius cirrus logic. and bank of america also in the red. worst day for that dow component this year. posting profits and revenue that disappointed the street. and we were watching copper today, the red metal settling at the lowest level from 2011. freeport mcmoran down hard. fairway, priced at 13, above the range, open at 18 on the nasdaq, ticker fwm, surging some 33% in today's session. american express, the global financial services firm reported after the bell, beat on the bottom line, missed on revenue stock following in the after-hours. also reporting, ebay, the world's biggest online market place. first quarter revenue just missed, beat on the bottom line. the issue for investor, revenue guidance. bill, back to you. >> all right, josh, thank you very much. take a good look at this number. 14,545 on the dow. because our next guest says the party's over, if the dow closes at that
let's start with apple making a new 52-week low, slipping at one point below 400 bucks. analysts saying one catalyst for today's sell-off, that weak revenue forecast from apple's supplier, sirius cirrus logic. and bank of america also in the red. worst day for that dow component this year. posting profits and revenue that disappointed the street. and we were watching copper today, the red metal settling at the lowest level from 2011. freeport mcmoran down hard. fairway, priced at 13, above the...
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Apr 17, 2013
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talk apple with me for a couple seconds here. the people who are buying apple at these levels are basing it on dividend or new product. which of those or all of the above? >> all of the above. i think you have to ask yourself has the weak june quarter been factored in? you look at estimates. there's about 46 estimates for apple. ten have been dropped for the june quarter. there's probably still more work that needs to be done to reflect what will accurately happen. >> sew haven't seen the whites of the eyes of the bulls at this point. you need to see sort of that fear just come out there and be exposed by wall street before we can get around apple here. >> you know, look. the march quarter, they did preannounce. that's not likely to be a disaster. and we know june is likely to have weakness. the data points are coming out pointing to that. you are not likely to get much new product in that time frame. but you do have more product coming in the back half of the year. >> but there were margin products and they might have to do prom
talk apple with me for a couple seconds here. the people who are buying apple at these levels are basing it on dividend or new product. which of those or all of the above? >> all of the above. i think you have to ask yourself has the weak june quarter been factored in? you look at estimates. there's about 46 estimates for apple. ten have been dropped for the june quarter. there's probably still more work that needs to be done to reflect what will accurately happen. >> sew haven't...
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Apr 18, 2013
04/13
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you have the trifecta there that we just talked about, apple going lower and a mix of companies that haven't really done that well. we've seen 72% of companies actually beating in terms of their earnings, but in the tech space i don't think the number has really been that strong, so our traders today say they were shorting the nasdaq, and our gentleman that was from morgan stanley, he was saying he was looking for the markets to actually increase long term over time with technology, but short term you could still see them move lower. >> brian, let's just wrap this up. released yesterday, forward operating earnings for the s&p 500, all right, a record high. $115 per share. >> yeah. >> that gives you 13.5 times multiple. that's well within the historical range of the last many, many decades. interest rates, as that commodity chart shows, just bouncing around in a range of the profits are beating expectations. i'm not into this revenue thing. i prefer to look at profits. >> right. >> so why can't -- so we'll correct and then we'll move on. >> we've done -- last year. we did it twice, th
you have the trifecta there that we just talked about, apple going lower and a mix of companies that haven't really done that well. we've seen 72% of companies actually beating in terms of their earnings, but in the tech space i don't think the number has really been that strong, so our traders today say they were shorting the nasdaq, and our gentleman that was from morgan stanley, he was saying he was looking for the markets to actually increase long term over time with technology, but short...
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Apr 17, 2013
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talking about their outlook on apple, the platform. people's confidence. >> i see no wayning in the enthusiasm to develop for the platform. more than half of the start-ups that are products that are launching here are on the apple platform. >> one in particular said look, it's still the platform to go for. just because the stock is back to you. >> you also have to bear in mind that you have a lot of concern. the dollar is higher and tech stocks generally make 40% of their profits in europe. >> saying its margins for the fourth quarter will be weaker than expected. barclays cutting its stock to 28 bucks. including tech, broad come. so a tough day for tech. >> the dough now experiencing its third straight session. remember, monday down 265. yesterday up 150 and that's where we stand at the moment. >> i don't like what i'm seeing. here is what's the problem. we're in an up market. the stock market trend was to the upside. now we have two days. a monday and a wednesday. 90% of the volume to the downside. two separate days. this is one thin
talking about their outlook on apple, the platform. people's confidence. >> i see no wayning in the enthusiasm to develop for the platform. more than half of the start-ups that are products that are launching here are on the apple platform. >> one in particular said look, it's still the platform to go for. just because the stock is back to you. >> you also have to bear in mind that you have a lot of concern. the dollar is higher and tech stocks generally make 40% of their...
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Apr 21, 2013
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apple, netflix, at & t. watch for caterpillar, boeing, ford, p & g, and ups. all may set the tones for the markets. monday, millions will go green in sell bracelebration of earth. march's existing home sales released. follows by new home sales report tuesday. thursda thursday, dedication of the george w. bush presidential center at southern methodist. thursday, gdp. gdp, a market mover that measures the country's economic output. that will do it for today. thank you for joining us. next week, a special episode for you with technology leaders changing today's economy. i'm giving them a seat at the table. >> trust is the new currency. >> trust is the new currency of the new economy. >> we'll bring that to you next week. have a great week, everyone. i'll see you next weekend. ♪ is its own reward. but there's nothing wrong with enjoying a little extra reward. ♪ that's why southwest built a better rapid rewards program with unlimited reward seats, no blackout dates, and points that don't expire. rewards that actually reward you. we are southwest. welcome aboard
apple, netflix, at & t. watch for caterpillar, boeing, ford, p & g, and ups. all may set the tones for the markets. monday, millions will go green in sell bracelebration of earth. march's existing home sales released. follows by new home sales report tuesday. thursda thursday, dedication of the george w. bush presidential center at southern methodist. thursday, gdp. gdp, a market mover that measures the country's economic output. that will do it for today. thank you for joining us. next...
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Apr 23, 2013
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that creates opportunity, because when you have that -- >> opportunities for apple. >> to get into apple. cuts stocks like that. when you have a change in ownership, that's significant. it creates a wonderful opportunity. because you've got a big group leaving, a big group coming in. >> ann abigail, let me go to you. you're quite pessimistic. we welcome you on the show. you have been ae a pessimist. but things have been more optimistic. you're looking for big, big decline. i want you to talk about that. i want you to tell our viewers why you think we're really headed for a problem. >> well, the reason that i -- my work starts with the technical. so we have seen a strong rally out of november. nearly 20% move up. but it's bearish. the buyers are becoming less certain up here. and this really mimics what we have seen in the first and second quarter of 2012 and 2011, quite frankly, where we have this competing battle between not so great fundamentals and then the fed liquidity. that doesn't tend to breed trust. in fact, i would say it probably swings things the other way. so even though buy
that creates opportunity, because when you have that -- >> opportunities for apple. >> to get into apple. cuts stocks like that. when you have a change in ownership, that's significant. it creates a wonderful opportunity. because you've got a big group leaving, a big group coming in. >> ann abigail, let me go to you. you're quite pessimistic. we welcome you on the show. you have been ae a pessimist. but things have been more optimistic. you're looking for big, big decline. i...
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Apr 17, 2013
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>> a lot of traders have been watching apple closely. we'll watch it tomorrow real closely, see where it bounces, if, in fact, it does bounce, but apple leads the nasdaq all the time. >> alan valdez, thank you for joining us,s
>> a lot of traders have been watching apple closely. we'll watch it tomorrow real closely, see where it bounces, if, in fact, it does bounce, but apple leads the nasdaq all the time. >> alan valdez, thank you for joining us,s
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Apr 22, 2013
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i guess it will be apple tv. >> apple tv is a logical extension of the largest screen that the ipad was, and bringing apps to the tv environment what everyone is trying to do. >> but they have a tv product. i have one at home. $99. a little black pox. >> it's not the real tv. >> why buy a $2,000 actual physical television when for 99 bucks i convert my physical television. >> today it doesn't have the one thing that made the iphone take off, which is applications. it was at revolution that really took off, what people could do from a personal assistant, games, entertainment and a corporate standpoint. >> dan, do you hear any chatter out there? >> we heard about channel checks, things around. this is probably a year and a half ago, two years ago. is there anything you've heard that gives you any sense that there's something coming. >> so i attempt not to recommend stocks based on chatter. what i would invest in investing in apple is a track record, a team. phenomenal balance sheet. they spend a lot on r&d. you can't predict what the next will be. everyone said tablets will never work. no
i guess it will be apple tv. >> apple tv is a logical extension of the largest screen that the ipad was, and bringing apps to the tv environment what everyone is trying to do. >> but they have a tv product. i have one at home. $99. a little black pox. >> it's not the real tv. >> why buy a $2,000 actual physical television when for 99 bucks i convert my physical television. >> today it doesn't have the one thing that made the iphone take off, which is applications....
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Apr 16, 2013
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last year they could have said it's all about apple. i think we need to broaden the horizons if this is going to be sustainable. >> let me go there and take you to a live shot of the white house. the white house is lowering their flag to half staff. flags are to be lowered at all public buildings until sunset on april 20th. there are at least three dead. more than 150 injured. this is echo of what we saw in the wake of 9/11. a lot more "squawk on the street" back in a moment. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> let's hop over to the cme. rick santelli is talking gold. >> you know, a couple of months ago we were talking about the notion of gold become securitized. it was much more of a
last year they could have said it's all about apple. i think we need to broaden the horizons if this is going to be sustainable. >> let me go there and take you to a live shot of the white house. the white house is lowering their flag to half staff. flags are to be lowered at all public buildings until sunset on april 20th. there are at least three dead. more than 150 injured. this is echo of what we saw in the wake of 9/11. a lot more "squawk on the street" back in a moment. [...
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Apr 24, 2013
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apple. the company saying as it prepares to return cash, more cash to shareholders, it will plan to take on some debt as a way of managing its cash balance. the company for a long time prided itself on having zero debt. soon that will end. the company nonetheless saying they are confident in their ability to churn out new products in the future. beat back its rivals and pointing out that the ipad mini and ipad in general doing very well versus low cost rivals and the iphone had a quarter better than many analysts expected upwards of 37 million units sold. guys, back to you. >> let's get a check now of european markets and after a session yesterday where pretty much no sector was in the red, we're seeing more differentiation this morning. want to look at banks in particular because we're getting that flow of earnings out. we are seeing positive responses from barclays and credit suisse. rbs up 1.5% as well lloyd's is up despite sale of branches to a company in the u.k. and also we're respondi
apple. the company saying as it prepares to return cash, more cash to shareholders, it will plan to take on some debt as a way of managing its cash balance. the company for a long time prided itself on having zero debt. soon that will end. the company nonetheless saying they are confident in their ability to churn out new products in the future. beat back its rivals and pointing out that the ipad mini and ipad in general doing very well versus low cost rivals and the iphone had a quarter better...
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Apr 24, 2013
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apple will need to innovate. we're in that you got to believe me phase and now we're talking about a time line of the fall. we got support on the dividend and buyback but gross margins and innovation will be key. >> you thought that you would hear about new products even sooner than the fall? >> it was possible that you might hear particularly about a low cost to approach the emerging markets and to offer something for the smartphone user who is more price sensitive. >> hold on a second. if you think of low cost phones, they talked about strength in china. you can't have strength with low cost phones or strengths in emerging markets and not have it impact gross margins. what's more important to you? >> a low cost phone that maintains a margin. they'll need to move some of the product mix out, innovate and i think tvs. i think i radio. something along the lines of i payments. that's what will move the sentiment and move the needle financially. >> i kind of feel this company's pain. after watching the stock be down
apple will need to innovate. we're in that you got to believe me phase and now we're talking about a time line of the fall. we got support on the dividend and buyback but gross margins and innovation will be key. >> you thought that you would hear about new products even sooner than the fall? >> it was possible that you might hear particularly about a low cost to approach the emerging markets and to offer something for the smartphone user who is more price sensitive. >> hold...
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Apr 17, 2013
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the apple guy in front is telling me these apples are fresher than the apple quarter. >> the consensus numbers need to come down. i once joked that the new products out of apple are terrible and @jimcramer. people think i'm serious. i think apple is a good company, it's just not going to have a good quarter. okay? okay? shoot me! my fault! >> how about barclays about lulu. >> here's what i'm hearing about lulu. i am hearing that the recall actually generated a level of love for lulu, that the customers, instead of avoiding lulu because of the sheer problem no. they're going to lulu and barclays agrees. this stock has been -- look, this is where they recalled the stuff, carl. right here is where the pants didn't work. this is the pants recall! and it turns out they're pantsing the bears. the bears are pantsed. >> that's a good call. fairway hoping investors will go on a shopping spree today. if you don't know this chain, it's a grocery chain going public and largely centered in new york. get ready for day three in what has been a wild week for the markets. the opening bell in just four
the apple guy in front is telling me these apples are fresher than the apple quarter. >> the consensus numbers need to come down. i once joked that the new products out of apple are terrible and @jimcramer. people think i'm serious. i think apple is a good company, it's just not going to have a good quarter. okay? okay? shoot me! my fault! >> how about barclays about lulu. >> here's what i'm hearing about lulu. i am hearing that the recall actually generated a level of love...
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Apr 22, 2013
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let me mention apple very quickly. the hope here is for a special dividend, increase the dividend to over a 3% yield and start with the big buyback. that's the big hope there. nobody's expecting them to blow the cover off of any of these numbers and all of them have been coming down. >> guys, back to you. >> watching microsoft continue to gain now up 4.5% and let's head over to the nasdaq which partly is a result of that is outperforming, sema moti and it's back above the 52-day moving average. investors are slightly on edge ahead of the the tech earnings and all eyes on apple as bob was mentioning. a lot of conflicting calls from analysts ahead of its earnings report tomorrow. analysts focused on sales of its iphone and any clarity around its capital allocation strategy. bbc partners this morning upgrading the stock to buy. communication players also reporting this week. isi group reporting that broadcom, xilinx and lacked the right combination of favorable setup and strong, foreign ministerial support to expect event
let me mention apple very quickly. the hope here is for a special dividend, increase the dividend to over a 3% yield and start with the big buyback. that's the big hope there. nobody's expecting them to blow the cover off of any of these numbers and all of them have been coming down. >> guys, back to you. >> watching microsoft continue to gain now up 4.5% and let's head over to the nasdaq which partly is a result of that is outperforming, sema moti and it's back above the 52-day...
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Apr 18, 2013
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gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think there's an opportunity here. the street numbers still need to get reset. we're 10% below the street for the june quarter. i think once these estimates get reset, that's the point where investors are going to start to get interesting. the southside still hasn't taken those nebs down. that's the real challenge here. >> you thought 450 was the bottom at 455 or at -- when did you make that prediction sflp. >> yeah. it was about three weeks ago. we basically took our numbers down. >> so when it was at 750, you thought the bottom was 700. when it was 7 hup, y
gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think...
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Apr 23, 2013
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. >> i've got the apple numbers. >> what are the apple numbers, jon? >> the revenue for this quarter is actually coming in above expectations at $43.6 billion, eps, $10.09. guidance, though, disappointing, as gene indicated. he was expecting at the midpoint they were guying to is $34.5 billion and the gross margin, 36 to 37%, which is a little bit below where wall street was looking, from what i have seen, maria. i'll go back through and take a look at the units as well. looks like iphones did 37.4 million units, ipads did 19.5 million units. both of those, pretty strong based on the range where we were looking, as far as what wall street was expecting. i'll have mac units and those things in just a moment. >> jon, you keep looking through those numbers. thank you for that quick flash on apple for us. so, we've got the numbers. the actual earnings and revenues, above expectations, but the guidance, as you indicated, gene, right on the money, it is disappointing. you were in the middle of a thought there, james. please continue your thought and any chan
. >> i've got the apple numbers. >> what are the apple numbers, jon? >> the revenue for this quarter is actually coming in above expectations at $43.6 billion, eps, $10.09. guidance, though, disappointing, as gene indicated. he was expecting at the midpoint they were guying to is $34.5 billion and the gross margin, 36 to 37%, which is a little bit below where wall street was looking, from what i have seen, maria. i'll go back through and take a look at the units as well. looks...
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Apr 18, 2013
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a dayt apple fell below $400, now at 31.66 on the nasdaq composite, and the s&p down ten-plus points at 1541, and we are just moments away from earnings from the big three, ibm, microsoft, and google. we have them all covered for you. david garrity from gba research. >> wow. >> yeah, we're back on "power lunch" days. >> is that an octabox. >> jon fortt, josh lipton. first, heather hughes and rob malcolm, along with greg ip "the economist." everybody's in the water, so we can just jump in. heather, what do you make from the markets this week? what's the message from this very volatile market in your view? >> well, the markets have picked up volatility. before last week, the vix volatility measure was at all-time lows, since 2007. that, of course, has increased, but it will be interesting when we get these earnings numbers coming out now. of course, corporate profits, that's key. it seems like it's coming from revenue minus costs, we're cutting cost sides of the equation, not necessarily revenue and topline growth. it so will be interesting to see what those numbers are as we get them.
a dayt apple fell below $400, now at 31.66 on the nasdaq composite, and the s&p down ten-plus points at 1541, and we are just moments away from earnings from the big three, ibm, microsoft, and google. we have them all covered for you. david garrity from gba research. >> wow. >> yeah, we're back on "power lunch" days. >> is that an octabox. >> jon fortt, josh lipton. first, heather hughes and rob malcolm, along with greg ip "the economist."...
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Apr 16, 2013
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that doesn't seem like it's apples to apples. you've got "x" items on the 34 cents. but let me dig deeper into that. in terms of the revenue numbers, paul, what's your take there? you've got 1.07 billion in revenue for the first quarter. is that what you were looking for? >> yeah, that's about right. maybe a very, very slight miss. maria, my problem with this company is, even though the company has done particularly well, stabilizing the business under the ceo mayor, you have a company that's expected to continue to grow about 2% per annum and it's trading at 20 times earnings. and so the pop that we've seen in the stock over the last 12 months, it's up 60% versus 12% for the s&p 500, i think the pop has already been had. >> so, basically, you feel that the valuation has become extended. you want to sell yahoo! here at 23.80? >> i probably would. maria, remember back in the late '90s, we were on a television show together called market week. and that was back in '99. and we used to talk a lot about yahoo! back then. the problem with the story is, that was its final h
that doesn't seem like it's apples to apples. you've got "x" items on the 34 cents. but let me dig deeper into that. in terms of the revenue numbers, paul, what's your take there? you've got 1.07 billion in revenue for the first quarter. is that what you were looking for? >> yeah, that's about right. maybe a very, very slight miss. maria, my problem with this company is, even though the company has done particularly well, stabilizing the business under the ceo mayor, you have a...
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Apr 22, 2013
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apple is set to report results tomorrow. profits are forecast to drop 18% as samsung and other rivals take market shares in tablets and smartphones. revenues expected to increase 8%, but that would actually be one of the weakest quarters in years. citigroup analyst gwen young expects apple to report earnings at the low end of guidance, reflecting softer demand for the iphone 5 and the iphone 4 and to guide third quarter below market forecast. citi says any production delays in the upcoming iphone s could -- weakness for the stock. according to research firm burini associates, options on friday suggest it could move 7.5%, and that could take cares as high as $419 and or as low as $360. it's a big one to watch. it's included a lot of funds just because of its size. so a really important one for the market. chances are you are probably impacted. >> courtney, good to see you. i should mentions, too, the number of people who i speak with them informally talk about whether they're playing out apple. lots of people speculating in t
apple is set to report results tomorrow. profits are forecast to drop 18% as samsung and other rivals take market shares in tablets and smartphones. revenues expected to increase 8%, but that would actually be one of the weakest quarters in years. citigroup analyst gwen young expects apple to report earnings at the low end of guidance, reflecting softer demand for the iphone 5 and the iphone 4 and to guide third quarter below market forecast. citi says any production delays in the upcoming...
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Apr 18, 2013
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and now there is apple. the stock below that key $400. >> america's most favorite stock continues to get sliced, lowering their price target on the stock. it will likely outgrow apple this year. let's get you caught up on where it stands. its lowest level in a . backyou. >> let's take a look at morgan stanley. it has been losing ground as well. right now it is trading at or near its lows of the trading session, down 3 and 3.75%. the investment banks saying that revenues fell 40% in the first quarter. a much sharper decline than goldman sachs or jp morgan simon? >> let's have a look at shares, the revenue overall. >> united health care is in negative territory. medical costs, upsetting enrollment fuelled revenue gains. they expect budget cuts to pressure performance. >> tiler is on vacation. let's take a look at the gun stocks. they have been moving higher. all failed to get the 60 votes needed. president obama reacted with disdain over the vote. >> this was a pretty shameful day for washington. but this effo
and now there is apple. the stock below that key $400. >> america's most favorite stock continues to get sliced, lowering their price target on the stock. it will likely outgrow apple this year. let's get you caught up on where it stands. its lowest level in a . backyou. >> let's take a look at morgan stanley. it has been losing ground as well. right now it is trading at or near its lows of the trading session, down 3 and 3.75%. the investment banks saying that revenues fell 40% in...
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Apr 23, 2013
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i thought it was just apple, actually. >> yes, there is apple, but you also have at&t and yum! brands as well. >> i think we'll focus on europe. the whisper numbers for apple have gotten maybe out of control, but the market has taken so much out of it already, it's poised for upside, i think. >> the expectations are for $10.01 from an apple, but whispernumber.com says it could be as high as $10.56. >> i've heard even $11. >> there you are. we're in whisper number mode right now. thank you, all. good to see you. thanks for joining us. >>> we're headed towards the close, 50 minutes left in the trading day in what has been a wild day again. the dow is up 135 points. we were up 153 at the high of the day. >> you can see it on this chart, which is just so stunning. right after 1:00 p.m. eastern, you can see the dow plunge and snap back almost immediately after the report that, in fact, it was erroneous, that was a fake terrorism tweet from the associated press, because they were hacked. is there any way to prevent this kind of hacking, which had a huge impact on the markets today. t
i thought it was just apple, actually. >> yes, there is apple, but you also have at&t and yum! brands as well. >> i think we'll focus on europe. the whisper numbers for apple have gotten maybe out of control, but the market has taken so much out of it already, it's poised for upside, i think. >> the expectations are for $10.01 from an apple, but whispernumber.com says it could be as high as $10.56. >> i've heard even $11. >> there you are. we're in whisper...
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Apr 23, 2013
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apple and netflix. jon fortt, what are the three things to look for -- maybe there's 20, but give us three to look for when they report after the bell today. >> limiting me to three things. iphone unit sales, gheitance and margins. on iphone a lot of annuals are twegting between 34 and 38 million. one speed bump for the iphone potential is apple had a significant p.r. headache, when central tv blasted the company's iphone repair policies, a nonstop drumbeat of negative headlines are significant considering china was 12.5% of retch last quarter. an important side story to this report also is guidance. apple switched the way they do guidance, sake they'll give a range within which to fall in. will they come in close to the revenue as analysts expect, a little higher, that will influence how the street views june guidance. iphone mix. the more i phones apple sells, and the faster it can lower costs, the higher margins will climb. my best guest is apple will deliver up side somewhere on margins rather than
apple and netflix. jon fortt, what are the three things to look for -- maybe there's 20, but give us three to look for when they report after the bell today. >> limiting me to three things. iphone unit sales, gheitance and margins. on iphone a lot of annuals are twegting between 34 and 38 million. one speed bump for the iphone potential is apple had a significant p.r. headache, when central tv blasted the company's iphone repair policies, a nonstop drumbeat of negative headlines are...
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Apr 18, 2013
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and apple, down again below 400 bucks. earnings next week, but apple down nearly 3% right now at 391 bucks. guys, back to you. >> lowest since december of '11. thanks, josh. see you later. ubs chairman axel vaber says he thinks investors are in a state of uncertainty. maria bartiromo sat down with mr. vaber in this exclusive interview. >> dr. axel, good to have you on the program. thanks so much for joining us once again. >> a pleasure. >> are you seeing a change in terms of investor attitudes towards capital markets, towards equities in particular, given the fact that recently we've seen a little volatility in the market. are you seeing clients change their strategies? >> well, very clearly, clients at the moment are very uncertain. so i would say we're seeing it pretty much a hands-off period in the market again. january, february, was pretty good in that sense, that the market was actually still running well, but march was more difficult for everyone. so clients are, at the moment, still in a high degree of uncertainty.
and apple, down again below 400 bucks. earnings next week, but apple down nearly 3% right now at 391 bucks. guys, back to you. >> lowest since december of '11. thanks, josh. see you later. ubs chairman axel vaber says he thinks investors are in a state of uncertainty. maria bartiromo sat down with mr. vaber in this exclusive interview. >> dr. axel, good to have you on the program. thanks so much for joining us once again. >> a pleasure. >> are you seeing a change in...
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Apr 23, 2013
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we need to see -- you know -- apple's become those people in the apple ad, those weird apple ad at the super bowl and samsung's come along with this hammer and broke -- they're all apple executives and you need to see apple come up and say, you what? we have it. we have the holy grail which is a combination of this thing that you need and that thing you need. we'll focus the numbers and we'll focus on texas instruments. is it a numbers story? is apple just another stock and if it's another stock then maybe you should get a nine multiple and go higher, but i would like to see, look, if mcdonald's can come out with killer products, apple -- are they both technology companies? is that where we are right now? >> apple has come out with incredible products. amazing products that have changed the world. >> that was the old days and the yankees used to be -- >> the ipad is only three years old, man. come on, give them a break. >> no. the market won't give them a break. i like the product, but who am i? >> that's complicated. >> it was not a rhetorical -- you know, we're not trying to figure o
we need to see -- you know -- apple's become those people in the apple ad, those weird apple ad at the super bowl and samsung's come along with this hammer and broke -- they're all apple executives and you need to see apple come up and say, you what? we have it. we have the holy grail which is a combination of this thing that you need and that thing you need. we'll focus the numbers and we'll focus on texas instruments. is it a numbers story? is apple just another stock and if it's another...
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Apr 16, 2013
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that's where qualcomm has been beating them. >>> let's swap topic and talk about how apple stock has decline. the latest news over china, it's ramping up protection for the iphone 5s. karnry are you a buyer? i think the risk is more that it goes up than it goes down at this point. >> jon fortt, is it down and out? >> well, probably not out, but look, i think we have to see what their response is to the lower end and mid fehr saturdayphone tend. do they have to sacrifice margins? of course we see the chinese economy looking iffy lately. we'll look to see how confident they feel about that. >> let's finally turn to dell, a deal that icahn has doone. he says he will limit half his stake at 10%. in return he'll get information that management says will maximize the chances of elitting a superior proposal. john karney, a good idea on behalf of the incumbents? >> look, i have to say wouldn't it be fansic to be carl icahn. wouldn't it be please don't spend more money and we'll give you better access? he's win in a deal, and he's won in this one. sure, i'll keep more of my cash to myself, an
that's where qualcomm has been beating them. >>> let's swap topic and talk about how apple stock has decline. the latest news over china, it's ramping up protection for the iphone 5s. karnry are you a buyer? i think the risk is more that it goes up than it goes down at this point. >> jon fortt, is it down and out? >> well, probably not out, but look, i think we have to see what their response is to the lower end and mid fehr saturdayphone tend. do they have to sacrifice...
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Apr 23, 2013
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>> there's a lot of hype with apple right now. it's valued in the options market, you see the volatility after the earnings report, coming in 50% hotter than anticipated. right now for every reason it was short, it tested the 400 level. our model predicted a 400 test, we got it. >> there it's back up above 400 the how have you been investing? >> so we've been playing in the option market. we own the puts, to short this, but now we want to buy up side calls here, and selling puts, puts you to the stocks. you can own this stock a little cheaper by selling puts the that's what we're doling right now. itches i want to thank you for being here, because i always stand up straighter. how do consumers feel about it. let's bring in cnet molly wood and natalie morris. let me start with you. has the i-culture lost its identity? >> they're a hardware, software, but they're also a bit of celebrity. in the post-steve jobs era they've been riting the if factor for a long time. the ipad is really still the it. the iphone, the sales will be really
>> there's a lot of hype with apple right now. it's valued in the options market, you see the volatility after the earnings report, coming in 50% hotter than anticipated. right now for every reason it was short, it tested the 400 level. our model predicted a 400 test, we got it. >> there it's back up above 400 the how have you been investing? >> so we've been playing in the option market. we own the puts, to short this, but now we want to buy up side calls here, and selling...
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Apr 24, 2013
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case in point is apple. at least 17 brokerages slashing their price targets today, including lazard, ubs, and alliance bernstein. i'd also mention boeing, though, today. boeing did enjoy a nice pop, maintained its full-year guidance, pleasing investors. this second group here, now, this is an interesting group of companies. these are companies that beat on the bottom line, but they missed on the top line. one name, one example would be whirlpool. the ceo actually talking to our own carl quintanilla earlier today and the ceo saying the only place internationally he saw real, true growth was china. that stock down today, but still up about 80% over the past nine months. and procter & gamble took a nasty tumble today. organic sales and guidance disappointing investors. and we'll end here on these three names. these names missed on both the bottom line and the top line. waste management. i know you two were talking to the ceo about an hour ago. i thought it was interesting when you asked him how he's going to be
case in point is apple. at least 17 brokerages slashing their price targets today, including lazard, ubs, and alliance bernstein. i'd also mention boeing, though, today. boeing did enjoy a nice pop, maintained its full-year guidance, pleasing investors. this second group here, now, this is an interesting group of companies. these are companies that beat on the bottom line, but they missed on the top line. one name, one example would be whirlpool. the ceo actually talking to our own carl...
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. >> is facebook developing a phone device, like apple did iphone? >> no. we're working on building software that can be used on all phones. >> their latest product is messages, which combines email, cell phone texting, and instant messages into one. they call it the ultimate switchboard. so do you think email will become obsolete? no. >> i'm not sure. but what we've found is that more people are using messages-- are moving away from email. and so if we build a really compelling experience, i think people are going to switch over. but i'm not going to call the end of anything. >> was this directed at gmail? >> no. >> google's email? >> no. >> because everybody's talking about a gmail killer. >> it's certainly what everyone's writing about. >> google... >> yes. >> facebook and google. >> yes. >> are they on a collision course? >> they are indeed. >> the fight's over what? it's over how-- >> search. how people find, discovery, search. >> say you want to buy a car. you can type "prius" on google and get publicly available information. or you can type "prius" o
. >> is facebook developing a phone device, like apple did iphone? >> no. we're working on building software that can be used on all phones. >> their latest product is messages, which combines email, cell phone texting, and instant messages into one. they call it the ultimate switchboard. so do you think email will become obsolete? no. >> i'm not sure. but what we've found is that more people are using messages-- are moving away from email. and so if we build a really...
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. >> it's interesting, that's the same thing people said about the shares of apple when they were selling off, that you had to sell your winners to pay for other stuff. >> if you need liquidity, you go where -- >> i think it's more japan than cyprus, don't you think? >> it's more dependent on cyprus? >> no. more japan than cyprus. >> there were rumors that cyprus was selling gold. >> i saw those rumors. >> to get it started, there were so many -- and it was pointed out yesterday, i think i was reading something from peter chip, who loves gold, that when it went up to a thousand or 1200, maybe that was all fundamentally true. but then once it went up to 1200, but then once all the investment guys that were having trouble getting returned in equities, once they saw that there was momentum there, all kinds of investment money went into it to try to chase return. >> but he was saying 1200 is fundamental? that's still down a couple hundred from where it is now. >> there were people saying 1260 people last week saying 800 or 900. >> so does bid coin track gold? >> apparently. apparently it coll
. >> it's interesting, that's the same thing people said about the shares of apple when they were selling off, that you had to sell your winners to pay for other stuff. >> if you need liquidity, you go where -- >> i think it's more japan than cyprus, don't you think? >> it's more dependent on cyprus? >> no. more japan than cyprus. >> there were rumors that cyprus was selling gold. >> i saw those rumors. >> to get it started, there were so many --...
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>> apple. >> because it's an ipad. >> exactly. ipads there and other companies, google nexus is a big one. samsung has some coming down the line here. we'll diversify away from the ipad but intel is underrepresented there. >> what about these new half tablet, half pc things that are half clam shell but you can pull them apart. does intel have a chance to lead there? >> there are a number of factors. the one you're referring to is a convertible. they are really focused more on ultrabooks and sliders where you can actually slide the top display and flip it over and it turns into a tablet. >> they are expensive and haeav, right? >> some ultrabooks will be priced at 499 this year. that's a new low price point for them. >> the stuff with intel in that their bragging rights have to do with manufacturing process and how well they're doing there. is that a reason to buy the stock? when gross margins go up, i heard that you buy stock when margins are rising and sell it when they're going back down. are either one of those factors enough to offset what's happening in pcs? >> a sticking point wi
>> apple. >> because it's an ipad. >> exactly. ipads there and other companies, google nexus is a big one. samsung has some coming down the line here. we'll diversify away from the ipad but intel is underrepresented there. >> what about these new half tablet, half pc things that are half clam shell but you can pull them apart. does intel have a chance to lead there? >> there are a number of factors. the one you're referring to is a convertible. they are really...
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so, this is all, you know, part of trying to figure out whether they're apples and oranges or whether these are all consistent. given the amount of, you know, sort of what we're hearing from eyewitnesss about guns and explosives and other activity and what neighbors around that area are saying, one has to believe that the police need to figure out who these people are. this is not typical for boston. you put the terrorist incident aside on monday night, this is not typical for this city. it's not typical for any city. the kind of activity that these two men are purported to have done just tonight. >> and, juliette, as we wait for more information about the two individuals that have been apprehended in watertown, massachusetts, this evening, we were told, of course, earlier by the massachusetts state police that there were explosives on the scene regarding these individuals and they'ir pursuit. we know one of the individuals -- at the very least, one of the individuals was asked to take off his clothes as he was apprehended. presumably that was a precaution to make sure he had nothing
so, this is all, you know, part of trying to figure out whether they're apples and oranges or whether these are all consistent. given the amount of, you know, sort of what we're hearing from eyewitnesss about guns and explosives and other activity and what neighbors around that area are saying, one has to believe that the police need to figure out who these people are. this is not typical for boston. you put the terrorist incident aside on monday night, this is not typical for this city. it's...
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>> it's been incredibility to see the collapse of apple stock. it hasn't been trading this low since november of 2011. that was right after steve jobs died. we want to explore a couple of reasons why the stock is trading so much lower. when you look at the technology business, it is almost like the movie business. you have to unveil hit after hit. the stock exchange is maturing. most people who have cell phones have smart phones. competition has never been more intense. you look at amazon creating great products. we'll be watching the earnings and the guidance. wolf. >> we'll see what happens with apple. >>> coming up, a nike t-shirt with the words boston massacre stayed on sale for days after the bombings. we'll tell you what they're doing about that coming up. ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for the next new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing du
>> it's been incredibility to see the collapse of apple stock. it hasn't been trading this low since november of 2011. that was right after steve jobs died. we want to explore a couple of reasons why the stock is trading so much lower. when you look at the technology business, it is almost like the movie business. you have to unveil hit after hit. the stock exchange is maturing. most people who have cell phones have smart phones. competition has never been more intense. you look at amazon...
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apple is the biggest name on the list. if you own apple shares, you have probably seen and felt this stomach churning chart. share price has tumbled over the past year down 31% over that period now trading below $400 a share. why? slumping demand for products. apple was once the most valuable company in the world by market value, so the stock some analysts say relatively cheap right now. we will know better tomorrow what the future of apple will be. it has an awful lot to prove. investors have been stung. apple clearly a big business story of the day and the week. john. >> no question a lot of people watching that very closely. thanks. meanwhile, ahead on "starting point," the surviving suspect hidden in this plain sight after the marathon bombings going about college life as if nothing ever happened. we will hear from students who spoke to him on campus. you're watching a special edition of "starting point" live from boston. people join angie's list for all kinds of reasons. i go to angie's list to gauge whether or not th
apple is the biggest name on the list. if you own apple shares, you have probably seen and felt this stomach churning chart. share price has tumbled over the past year down 31% over that period now trading below $400 a share. why? slumping demand for products. apple was once the most valuable company in the world by market value, so the stock some analysts say relatively cheap right now. we will know better tomorrow what the future of apple will be. it has an awful lot to prove. investors have...
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apple had 18% drop in earnings the first drop for apple in a decade. >>> and now i want to return to our continuing coverage of the boston bombings. tonight we are learning more about the life of the tsarnaev brothers and what they were living like before their lallegd attack. there seems to be fancy cars and a will havish lifestyle. take a look at the photographs. it shows tamerlan tsarnaev looking what appears to be rather lavish lifestyle. talented boxer. pretty fancy clothes. but it may not have been the case. from what we can report, it appears tsarnaev was strapped for cash. relying on welfare up until last year. david mattingly is "outfront" and what have you learned about the finances of this family? [ no audio ] >> -- immigrant family that didn't have a lot. the father was a mechanic and the mother offered facials out of their small apartment. they did receive assistance from the state. this could have included temporary aid and food stamps. the tsarnaev brothers would have benefited from this when they were younger, getting government assistance through their parents. when
apple had 18% drop in earnings the first drop for apple in a decade. >>> and now i want to return to our continuing coverage of the boston bombings. tonight we are learning more about the life of the tsarnaev brothers and what they were living like before their lallegd attack. there seems to be fancy cars and a will havish lifestyle. take a look at the photographs. it shows tamerlan tsarnaev looking what appears to be rather lavish lifestyle. talented boxer. pretty fancy clothes. but...
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Apr 19, 2013
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even the big apple circus, gives you the sense of the state boston is in. there is a preponderance of caution as you can imagine. wasn't to che i want to check in with don lemon -- i should say postponed, not canceled -- who is in watertown right now. tell us what you've been witnessing over the last couple of minutes. >> anderson, i've never seen anything like this domestically. i've been witnessing thousands upon thousands of police officers, hundreds upon hundreds of police officers here going door to door, searching every single home. and i've been seeing as you'll see now, fire trucks, rescue units, tactical vans, armored vehicles, massive police presence, go in and out of this area. i've seen the perimeter move from neighborhood to neighborhood. and it has gotten closer to us every single moment here. and there you go, you see the watertown fire department rushing off to some place. and behind them, an unmarked police vehicle. and that's been the scene here really throughout this morning and throughout the entire evening here. we got to witness severa
even the big apple circus, gives you the sense of the state boston is in. there is a preponderance of caution as you can imagine. wasn't to che i want to check in with don lemon -- i should say postponed, not canceled -- who is in watertown right now. tell us what you've been witnessing over the last couple of minutes. >> anderson, i've never seen anything like this domestically. i've been witnessing thousands upon thousands of police officers, hundreds upon hundreds of police officers...
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apple also raising its dividends so apple shareholders will get a little bit of a payback if they hold the stock. john, back to you in boston. >> all right, thanks so much, christine. next, we just have an incredible story to tell you about. the hero who found the surviving boston bombing suspect. he will tell you how it all went down. and reports that dzhokhar tsarnaev is doing better this morning and there are demands that he be moved. dr. sanjay gupta joins us. as does former u.s. attorney general alberto gonzales. he has crucial insight into this. you're watching a special edition of "starting point" live from boston. hwelcome back.. nice to see you again! hey! i almost didn't recognize you without the suit. well, this is my weekend suit. weekend getaways just got better. well, enjoy your round! alright, thanks! save a ton on our best available rate when you book early and feel the hamptonality. and be good for your face? [ female announcer ] now there's new neutrogena® naturals acne cleanser. acne medicine from the wintergreen leaf treats breakouts. no parabens or harsh sulfates.
apple also raising its dividends so apple shareholders will get a little bit of a payback if they hold the stock. john, back to you in boston. >> all right, thanks so much, christine. next, we just have an incredible story to tell you about. the hero who found the surviving boston bombing suspect. he will tell you how it all went down. and reports that dzhokhar tsarnaev is doing better this morning and there are demands that he be moved. dr. sanjay gupta joins us. as does former u.s....
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Apr 22, 2013
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apple on tuesday, a lot of you have been asking me about apple and what will happen with apple shares, tuesday we will get apple results. a lot to digest this week. $333 million, that's an estimate of how much it dos shut down boston and surrounding suburbs on friday. $333 million. the losses will likely be short-term for companies. boston is a big company getting back to work this monday morning. the boston metropolitan area produces $325 billion worth of goods and services every year. a little less than a billion dollars a day. the ninth gdp in the country. friday everything just stopped. businesses closed. public transit shut down. 16 of the area's 35 colleges closed campuses. most of the taxis were off the roads. shopping centers were shut. while many people worked from home or had the day off, some workers were very busy. thousands of law enforcement officials, hospital workers, hotel workers. there was overtime. where you saw some companies shut down, other area there's was economic activity. dunkin' donuts locations, some of them stayed open at the request of first responders w
apple on tuesday, a lot of you have been asking me about apple and what will happen with apple shares, tuesday we will get apple results. a lot to digest this week. $333 million, that's an estimate of how much it dos shut down boston and surrounding suburbs on friday. $333 million. the losses will likely be short-term for companies. boston is a big company getting back to work this monday morning. the boston metropolitan area produces $325 billion worth of goods and services every year. a...
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Apr 19, 2013
04/13
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the boston bruins and the big apple circus also have postponed tonight's events. good reasoning for that. let's get the latest now, brian todd joining us. you've taken a close look moment by moment as we await the start of the news conference with the latest from law enforcement authorities. give us a picture of what has happened here for our viewers in the united states and around the world. >> it's an incredible picture, wolf. for the past 16 plus hours this has been one of the most intense man hunts in american history but it was at the point a little more than 24 hours ago when law enforcement gave us the first clear visual images of these suspects that really seem to set it all in motion. the release of the images on thursday afternoon let the suspects know the feds were on to them. even if the authorities didn't know their names yet or where to find them. >> we consider them to be armed and extremely dangerous. >> reporter: around 10:00 p.m. that night it all began to unravel. the suspects allegedly robbed a convenience store outside of boston in cambridge n
the boston bruins and the big apple circus also have postponed tonight's events. good reasoning for that. let's get the latest now, brian todd joining us. you've taken a close look moment by moment as we await the start of the news conference with the latest from law enforcement authorities. give us a picture of what has happened here for our viewers in the united states and around the world. >> it's an incredible picture, wolf. for the past 16 plus hours this has been one of the most...
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Apr 23, 2013
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dow futures up 50 points ahead of earning points of apple and at&t. all right. do love your job, hate your job? the ab you'u annual list of bes worst jobs is out. and newspaper reporter is the worst of the worst. a poor industry outlook hurting the ranking. lumberjack second worst, followed by enlisted military personnel. actor and oil rig worker. the best job in america is an actuary. about $87,000 a year. biomedical and software engineers are next. audiologist and financial planner round out the top five. they look at everything from physical exertion on the job to happiness to pay to satisfaction overall. john. >> all right. thanks so much, christine romans. ahead on "starting point," the surviving boston bombing suspect appears to be cooperating with authorities. how does that affect the prosecution's case? we'll look at the legal road ahead with cnn's senior analyst jeffrey toobin. >>> plus, neil diamond's "sweet caroline," become an an them th. but the songwriter is working on something new. we will have details they are so good, so good, so good. details
dow futures up 50 points ahead of earning points of apple and at&t. all right. do love your job, hate your job? the ab you'u annual list of bes worst jobs is out. and newspaper reporter is the worst of the worst. a poor industry outlook hurting the ranking. lumberjack second worst, followed by enlisted military personnel. actor and oil rig worker. the best job in america is an actuary. about $87,000 a year. biomedical and software engineers are next. audiologist and financial planner round...
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Apr 24, 2013
04/13
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shareholders asking if apple's magic is fading. apple's response? it's going to reach in and give money back to shareholders. apple will give you a 2.7% return for holding apple shares. it's not as big as other stocks. it's called a dividend yield. intel 3.9%. at&t, 4.6%. altria, 5% of the dividend yield. it's way more than you get in a savings account. apple shareholders need good news. the stock down 30% the past year. apple shares up slightly in the premarket. its profits slipped a little bit, but it's still selling a lot of devices, 37.4 million iphones during three months. that averages out to 288 iphones every single minute for three months straight. apple sold 20 million ipads. but people aren't buying as many of the latest, most expensive models. they're choosing the cheaper versions like the iphone 4s, the ipad mini, and that's one reason why the stock is down because they make more money on the higher end, newer products. absolutely. >> most people who do buy apple, they have to have the latest and greatest. i guess the frietrend is kind o
shareholders asking if apple's magic is fading. apple's response? it's going to reach in and give money back to shareholders. apple will give you a 2.7% return for holding apple shares. it's not as big as other stocks. it's called a dividend yield. intel 3.9%. at&t, 4.6%. altria, 5% of the dividend yield. it's way more than you get in a savings account. apple shareholders need good news. the stock down 30% the past year. apple shares up slightly in the premarket. its profits slipped a...
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Apr 23, 2013
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big question, has the rest of the tech industry caught up with apple? is the shine off the apple? sorry, i had to use that terrible little pun. but still be watching apple. and another big story for you, the list is out. and sorry to all of you newspaper reporters out there, you officially have the worst job in america. >> the worst job? >> the worst job in america. with the median income of about $36,000 a year. career cast does this study every year. the results are based on things like income, industry outlook, stress, physical demands. >> so not happiness? >> happiness is in there. here's the rest of the top five worst jobs. lumberjack is number two, followed by enlisted military personnel, actor, and oil rig worker. so the best jobs in america? the number one job in america according to career cast an actuary, make about 87 grand a year, biomedical engineers, software engineers, an audiologist and financial planner round out the top five. when i look at the best jobs in america, all top ten or 20 of them, it's a lot of s.t.e.m. jobs, science, technology, engineering, math. a
big question, has the rest of the tech industry caught up with apple? is the shine off the apple? sorry, i had to use that terrible little pun. but still be watching apple. and another big story for you, the list is out. and sorry to all of you newspaper reporters out there, you officially have the worst job in america. >> the worst job? >> the worst job in america. with the median income of about $36,000 a year. career cast does this study every year. the results are based on...
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Apr 23, 2013
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starting with apple's earnings, its quarterly results are expected to shrink for the first time in a decade. decade. iphone sales are in a slump. shares have plunged 55% over the past six months. >>> can you remember life before youtube? the website turned 8 years old today. >> here we are, one of thealfants. >> this clip is the very first youtube video. that is the website cofounder at the san diego zoo. >> business partners sold to google for a whopping $1.65 billion. ♪ >> that is the most watched video on youtube. "gangnam style" with more than $1.5 billion views. >> youtube has become the number one source of viral videos, cat videos in particular like this post showing a cat playing with a vacuum cleaner. what is it about cats on youtube? i don't know. this is one of the most watched videos this week. >> you are watching cnn news room live. we will have more on the boston investigation. >> stay with cnn. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a
starting with apple's earnings, its quarterly results are expected to shrink for the first time in a decade. decade. iphone sales are in a slump. shares have plunged 55% over the past six months. >>> can you remember life before youtube? the website turned 8 years old today. >> here we are, one of thealfants. >> this clip is the very first youtube video. that is the website cofounder at the san diego zoo. >> business partners sold to google for a whopping $1.65...
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Apr 23, 2013
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>> it is not based on a fiscal year -- you take apples, they come in, it is august, and they stay to pick, prune and packed -- they have to be gone by the end of may. >> in this bill, in your opinion, it addresses the problem? >> it fixes the problem because i think actually, mr. connor can speak to a better, the different types of -- >> mr. connor? >> it fixes the problem fundamentally by creating two different groups of the guestworker program. one would be the seasonal at will, which would be, i suppose, the most similar to the current h-2a program, but the other is a contract program where, again, you would have the ability to bring in year-round workers on a contract, as you noted, to perform those milking functions, feeding functions on the farm, those kind of things, as noted earlier, the cows don't stop producing milk. they produce 24/seven, every day of the year. >> that is the nice thing about cows, they are considerate in that regard. do you see this as a long-term fix, or something you have to tinker with every few years? >> no question, senator, we picture this as a long
>> it is not based on a fiscal year -- you take apples, they come in, it is august, and they stay to pick, prune and packed -- they have to be gone by the end of may. >> in this bill, in your opinion, it addresses the problem? >> it fixes the problem because i think actually, mr. connor can speak to a better, the different types of -- >> mr. connor? >> it fixes the problem fundamentally by creating two different groups of the guestworker program. one would be the...